Financial Literacy Vocabulary Terms

Using a credit card allows you to...

• put money into a savings account.
• purchase something now and pay for it later.
• take money directly from your checking account.

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

All of these are examples of types of credit except:

• savings account
• college loan
• credit cards
• car loan

Going to work at a job is a way to....

• get fired

• earn money

• make new friends

• buy a motorcycle

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

Scarcity is

• when there is too much of something

• when there is too many of something

• when there is not enough of something

• when you are afraid to lose all your money

When you write a check from your checking account this is a:       

• Credit added to your balance.   
• Debit subtracted from your balance
• Credit subtracted from your balance.
• Debit added to your balance.

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

The lowest amount of money shown on your credit card bill that must be paid every month is called the: 

• late fee
• minimum payment
• credit limit
• previous balance

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

Something that you pay is called....

• income
• an expense
• a profit
• savings

Will spends $8.00 on what he needs to make hot dogs.  If he sells 20 hot dogs for $1.00 each, how much is his profit?

• $20.00
• $12.00
• $10.00
• $11.00

Tags

CCSS.7.EE.B.3

This is a personal letter that you submit with your resume that tells why you are interested in the job, what you can offer, and how you found out about the position

• Resume
• Application letter
• Letter of Reference
• Cover Letter

Tags

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3